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Sunday, January 31, 2010

Free Trade Doesn't Work

A reader, Ian Fletcher, has recently written a book and here's how he describes it. His opinions, of course, are his own.

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If you already know free trade is a mistake, but don't know how to prove it or what to do about it, then this book is for you.

If you still think free trade is good for America and the world, you're in for a big surprise...

This very readable book is aimed at both ordinary concerned citizens and people with a bit of sophistication about economics. It is a systematic examination of why free trade is slowly bleeding America's economy to death and what can be done about it. It explains in detail why the standard economic arguments free traders use all the time are false, and what kind of economic ideas — well within the grasp of the average American — justify protectionism instead. It examines the history and politics of free trade and explains how America came to adopt its present disastrous free trade policy. It looks at the breakdown of specific industries and how we can rebuild them and bring millions of high-paying jobs back to this country. It examines what's wrong with NAFTA, CAFTA, the WTO, and the proposed Trans-Pacific Partnership. It explains why free trade is bad not just for America, but for poor foreign nations, too. It is sharply critical of the current establishment, but from a bipartisan point of view, so it should satisfy progressives, conservatives, and everyone in between. It is a good counterargument to the Thomas Friedman view of economic globalization. Read this book to get ahead of the curve on America's next big economic controversy.